Credit Union Industry News & Updates

The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.

WHAT’S GOING ON AT CREDIT UNIONS?

Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

Proposed Third-Party Risk Management Guidance

AGENCY: The Office of the Comptroller of the Currency (OCC), Treasury, the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA). ACTION: Proposed interagency...

Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

Crowdfunding: New Opportunity for Start-Ups & Credit Unions

A partnership between New York City based GrowthFountain, an equity crowdfunding platform, and $7.6 billion, Marlborough, Mass.-based Digital Federal Credit Union enables entrepreneurs to raise capital and members to invest. Crowdfunding is the practice of funding a...

Gulf Winds FCU Takes On Members, Deposits as FCAMEC Closes

Gulf Winds Federal Credit Union, of Pensacola, Fla., has assumed the members and deposits of the former Florida Conference AME Church Federal Credit Union of Tallahassee, the National Credit Union Administration announced Friday. Gulf Winds is a federal credit union...

Lead Generator Increases Early Stage Lending for Credit Union

An early adopter of LeadMe, which allows financial institution marketing and lending departments to generate, track, organize, and respond to incoming opportunities. increased its loan volume by 15% within two months. The $171 million, Alexandria, Va.-based InFirst...

Credit Unions to Fight Trump Plan to Eliminate CDFI Program

Credit union trade groups Thursday vowed to fight President Trump’s plan to kill the Community Development Financial Institutions Fund (CDFI) program, as proposed in the administration’s FY2018 budget plan.  “The Administration's dramatic...